HM Payson & Co. Has $15.80 Million Holdings in PepsiCo, Inc. $PEP

HM Payson & Co. raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,496 shares of the company’s stock after purchasing an additional 4,762 shares during the quarter. HM Payson & Co.’s holdings in PepsiCo were worth $15,799,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PEP. Nova Wealth Management Inc. acquired a new position in PepsiCo in the 1st quarter valued at about $25,000. Evolution Wealth Management Inc. acquired a new stake in PepsiCo during the 2nd quarter worth approximately $27,000. Legend Financial Advisors Inc. acquired a new position in PepsiCo in the 2nd quarter valued at $29,000. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of PepsiCo by 107.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock worth $31,000 after buying an additional 121 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC boosted its position in shares of PepsiCo by 667.7% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock valued at $33,000 after acquiring an additional 207 shares during the period. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $143.78 on Monday. The firm has a 50 day simple moving average of $147.27 and a 200 day simple moving average of $143.50. The company has a market cap of $196.60 billion, a price-to-earnings ratio of 27.33, a PEG ratio of 4.96 and a beta of 0.42. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $160.15. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter last year, the business posted $2.31 EPS. PepsiCo’s revenue for the quarter was up 2.7% on a year-over-year basis. Research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Friday, December 5th will be issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, December 5th. PepsiCo’s payout ratio is presently 108.17%.

Analyst Ratings Changes

Several brokerages have recently commented on PEP. BNP Paribas Exane lowered their target price on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Evercore ISI upped their target price on PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a research note on Tuesday, October 14th. UBS Group reissued a “buy” rating and issued a $172.00 target price on shares of PepsiCo in a report on Tuesday, December 9th. Finally, Rothschild & Co Redburn upped their price target on shares of PepsiCo from $117.00 to $120.00 and gave the stock a “sell” rating in a report on Monday, December 15th. Eight research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $158.75.

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.